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‘Bashar out!’: Protests in southern Syria over economy now target president – Al Jazeera English

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Hundreds of people demonstrate in Sweida and Daraa provinces after the currency plunges to 15,500 pounds to the US dollar.

Hundreds of people have protested in southern Syria to urge President Bashar al-Assad to step down, capping nearly two weeks of demonstrations that had erupted over poor living conditions but have spiralled into renewed calls for political change.

“Bashar out! Syria free!” shouted a large crowd on Friday in the city of Sweida, according to the Reuters news agency.

“Syria is not a farm. We are not sheep,” read a poster.

Syria is in a deep economic crisis that has seen its currency plunge to a record low of 15,500 Syrian pounds to the dollar last month in a rapidly accelerating free fall. It had traded at 47 pounds to the dollar at the start of Syria’s war 12 years ago.

The protests were initially driven by surging inflation and the war-torn country’s worsening economy but have quickly shifted focus with marchers calling for the fall of al-Assad’s government.

Centred in the government-controlled province of Sweida, the heartland of Syria’s Druze, a religious minority that had largely stayed neutral in the conflict between al-Assad and the Syrian opposition, the protests are unusual.

Open criticism of the government had remained rare in government-controlled areas, but as the economic situation has grown worse, the discontent has gone public.

Friday’s turnout was large despite apparent divisions within the Druze leadership over the demonstrations. Some Druze sheikhs have criticised protesters’ calls for al-Assad to step down and say that any improvement to the socioeconomic situation must come through dialogue.

Dozens of protesters also gathered on Friday in the neighbouring province of Daraa, where the 2011 protests kicked off. They carried the three-star flag emblematic of Syria’s uprising as well as signs criticising the role of Iran, a key al-Assad ally.

Peaceful protests in 2011 were met by a violent response from the Syrian government, leading to the outbreak of a war that has continued to this day and led to hundreds of thousands of deaths.

The front lines have largely been quiet in recent years as the Syrian government, with the backing of Russia and Iran, pushed back the opposition into the northwest.

Residents of other government-held parts of Syria – where restrictions are tighter – have made more discrete gestures of protest to avoid detection by government forces.

In the coastal province of Tartus on Thursday, some residents held up small postcards reading, “Syria belongs to us, not to the [ruling] Ba’ath party,” according to photographs posted on activists’ social media pages.

A large billboard picturing al-Assad could be seen in the background.

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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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